A penny stock with good prospects.
Here's what is known so far.
*Veltex Corporation is a manufacturer, distributor, importer and wholesaler of high-quality specialty textiles primarily for use by manufacturer of furniture, automobile interiors, and ready-to-wear garments. The Company is also a distributor of high quality Baseball Caps and Tee Shirts for promotional product Industries. It's manufacturing facilities, managed by former U. S. textile industry executive with more than 30 years experience, are strategically located in Comilla, Bangladesh employing over 300 people. This location permits quota-free importing to USA markets thereby affording significantly higher profit potential than its competitors in India and Pakistan. Company sales and distribution centers are located in Ontario, California, Dallas, Texas, New York and Frankfurt, Germany.
* Current Stock Price $2.50
* Currently Veltex has 2M shares of common stock issued and outstanding. The float is estimated at 1.3 Million shares. |
